This study aims to test and analyze the effect of capital structure, profitability, investment opportunity set, firm … value, earnings per share, and dividend policy, on stock returns. Our research uses regression analysis to determine and … on stock return. Profitability with indicators return on equity and investment opportunity set with indicators price …

Operating leverage increases profitability and reduces optimal financial leverage. Thus, operating leverage generates a … negative relation between profitability and financial leverage that is thought to be inconsistent with the trade-off theory …, but is commonly observed in the data. We demonstrate the effect of operating leverage on firms' profitability and …

firm value, but not profitability. The impact of exchange rate moderation also occurs in the relationship of capital … structure and firm value, while the moderation effect on profitability and firm value is not proven. This study provides … capital structure, but not profitability. …